Joel Libava's Blog: The Franchise King Blog, page 41

The Top Reasons People Buy Franchises

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Thousands of people make the decision to buy a franchise every year. And they do it for a variety of reasons.

That said, I’ve talked with thousands of prospective franchise business owners over the years. All of them…all of these courageous people I’ve met and/or worked with 1-on-1, have their reasons to buy a franchise.

In this post, I’m going to tell you what they are.
 

The Reasons People Buy Franchises1. To escape from a screwed-up boss.

Sometimes, no matt...

Would You Feel Guilty Owning This Type Of Franchise?

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With all the different types of franchises available these days, are there certain ones you’d never consider buying?

For the purpose of this discussion, I don’t mean “I’m not interested in fast food because it’s too difficult to find good help” or “Joel, I’m not at all interested in owning a franchise where I’d have to go out and make cold calls to sell a product or service.”

Instead, I’m referring to the types of franchises you’d feel guilty owning...

You Found The Franchise Opportunity Of A Lifetime, Except…

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“I’m sorry. The franchise is sold out in your area.”

In the 20+ years I’ve been doing this, I estimate that 20%-25% of my clients have felt the sting of those words. Especially if the franchise development representative articulated them in an unapologetic way. And that, my friends, is a big mistake. Let me tell you why.

“The Franchise Is All Sold Out In Your Area”

There are two ways to tell you the bad news.

“I’m so sorry! We don’t ha...

How To Screw-Up Your Search For A Great Franchise Opportunity

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Let’s say you’ve had it with your corporate job.

You’ve decided that you want to be your own boss, and you want to find a great franchise opportunity. A real “pearl.”

Specifically, a franchise opportunity that will provide everything you want. Such as:

An opportunity to be your own bossA business you can own and operate profitably A brand you can be proud of Opportunity for growth A way to exit your franchise business when ready

And more.

But ...

What Do Franchise Coaches Really Do? {With Updates}

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[image error](A Franchise Coach)

I want to talk about a franchise coach. Not a particular one-just the actual title. Why?

Keep reading.

 

On Words

Words matter. They can be used in several different ways.

And, I hate to break it to you, but specific words can be-and are used to manipulate people…maybe even you.

In this franchise blog post-a super-important one for anyone looking to buy a franchise, I’m going to share information on franchise coaches and why they aren’t real...

Meet A Rockin’ Multi-Unit School Of Rock Franchisee

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[image error](A School Of Rock Franchise Location In Iowa)

Before I share my interview with Greg Moore, who owns the School Of Rock location in West Des Moines-and his just-announced 2nd franchise location, Marion-Cedar-Rapids, Iowa, I need to share a few things.

First off, Greg was my client. I guided him through the franchise-buying process.

Secondly, we have a few things in common.

The first thing?

I lived in Iowa for a short time. As a matter of fact, t...

The Burger King® Whopper® With Cheese Technology-Related Clusterf**k

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(Burger King Whopper by Mike Mozart of TheToyChannel and JeepersMedia on YouTube)

I’d like to tell you a story about The Burger King® Whopper® With Cheese I wasn’t allowed to purchase. Why?

Because I still can’t believe it happened.

 

The Fast Food Urge

Sometimes we get the urge.

It’s usually when nothing in the refrigerator is appealing. Same goes for our dry goods section.

Soups are looked at. That box of Kraft® Mac + Cheese quickly trans...

The Burger King�� Whopper�� With Cheese Technology-Related Clusterf**k

New Post From The Franchise King��

(Burger King Whopper by Mike Mozart of TheToyChannel and JeepersMedia on YouTube)

I’d like to tell you a story about The Burger King�� Whopper�� With Cheese I wasn’t allowed to purchase. Why?

Because I still can’t believe it happened.

 

The Fast Food Urge

Sometimes we get the urge.

It’s usually when nothing in the refrigerator is appealing. Same goes for our dry goods section.

Soups are looked at. That box of Kraft�� Mac + Cheese quickly t...

CVS Pharmacy: A Franchise-Ready Business With Crazy-High Revenue

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A question: is CVS a franchise? Have you ever wondered that yourself? They sure have a lot of retail locations. Heck, there are two of them within 3 miles of my Castle in Ohio.

Every time I’ve gone in CVS for a prescription, I mean every time, there are literally hundreds of filled prescriptions sitting in plastic baskets-not waiting to be picked up…but waiting to be put into bins alphabetically for pick up in the future. The prescriptions that are ready to be...

The Ugly Truth About Franchise Opportunity Rankings {2021}

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Here’s a little-known fact about franchise rankings that you see for franchise opportunities you’re potentially interested in buying.

Franchise industry insiders…the people who are actually in the business of franchising, look at franchise rankings in a much different way than say, prospective franchisees.

Really?

Why?

I’ll explain.

 

Franchise Rankings: “Locker Room” Conversations You Never Hear About

What follows are real conversations I’ve had about spec...